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Focus Minerals Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Brilliant | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-4-2017: Focus Minerals Ltd. announces a Resource Estimation report for its Brilliant deposit at the Coolgardie project. Update in mineral resource at Brilliant + new drill results incl. 3.08m @ 11.88g/t Au from 355m. Focus Minerals Ltd. (ASX:FML, “Focus | |
| Resources: | (Resource, I+I): 5.887Mt @ 2.50g/t Au for 475500oz Au contained at Brilliant | |
| CP/QP: | [Resources]: Hannah Kosovich (Internal) | |
| ABSTRACT: | Focus Minerals Ltd. (ASX:FML, “Focus” or the “Company”) is pleased to announce that it has completed a Mineral Resource update for the Brilliant deposit, resulting in a 26% increase in the combined Mineral Resource to 5.89Mt @ 2.5g/t Au for 475,500 ounces of contained gold. FML is incorporating this into the Preliminary Feasibility Study announced earlier this year. The Mineral Resource is reported on a dry tonnage basis above a 1g/t cut-off for open pit resources above 260mRL and 3g/t cut-off for the underground resource. The Brilliant Project is a significant gold deposit which forms part of Focus Minerals tenement portfolio in the highly prospective Coolgardie region of Western Australia. The deposit was a major open pit gold producer, mined in stages from 1970’s to early 2000’s with total production consisting of approximately 88,000oz at an average gold grade of 2.45g/t. Various drill campaigns have been conducted at Brilllant over the years, using multiple drilling methods. The updated Mineral Resource estimate was calculated on the basis of 494 drill holes comprising 450 RC holes, 2 Diamond holes and 42 diamond holes with an RC pre collar (RCDD), totalling 64,806.68m. Since the start of 2017, Focus has been conducting an aggressive near-mine exploration programme around Brilliant with 26 RC holes (5,950m) and 7 RCDD holes (2,656.8m) completed to the end of March 2017. The purpose of this drilling was to further infill and expand the previous Mineral Resource as well as explore for additional lode mineralisation in the vicinity of the open pit. Encouraging results have been returned from all drill areas and RC and diamond drilling is ongoing to further define mineralisation in these areas with the intent of adding to the mineral resource. | |
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